IIMs get good summer placement offers | india | Hindustan Times
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IIMs get good summer placement offers

india Updated: Nov 15, 2010 23:40 IST
HT Correspondents

Reflecting buoyancy in hiring, the summer placement at IIM-Kozhikode had a flying start on Monday with 130 firms including Deutsche Bank and Colgate Palmolive making 340 offers in all.

The highest stipend offered was Rs 1.5 lakh a month and the average allowance saw an increase of 80% over that of the previous year. Summer placement is a two-month internship (April-May) done in various companies by management students. The companies that take on first-year students for this sometimes offer to absorb them.

Sales and marketing made the highest number of internship offers — 25%.

“This is a good sign for students who hope to secure challenging roles and profiles of their liking for internships,” said G Sridhar, chairperson (placements), IIM-K. Global giants such as Deutsche Bank, JP Morgan, Johnson and Johnson, HSBC and Colgate Palmolive are some of the firms that came to the business school.

Banks and financial services firms accounted for 22% of the offers.

Major first-time recruiters included Daimler, Bharti Airtel, Apollo Hospitals and HT Media. “The level of enthusiasm among students is high,” said Sajiv Nair, HR manager with ITC.

The Indian Institutes of Management in Bangalore and Kolkata too have got a good number of jobs this season.

While IIM-B got 375 offers in the five-day session and bagged 70% more than in the previous year, IIM-C received more than 100 internship proposals in slot zero – the most coveted first two days of the season.

In Ahmedabad, where placements began on Friday, the response has been “fantastic”, said Saral Mukherjee, chairperson of the placement committee.

With inputs from Kolkata, Ahmedabad and Bangalore